Qualcomm forecasts $650 million data center revenue for Q1 2027
Overview
Qualcomm expects data center chip revenue of $650 million in the first quarter of 2027, rising to $5 billion by the end of 2027 and $15 billion by 2029, the company says.
It projects data centers will eventually make up about 30% of its business.
The forecast comes as Qualcomm's handset chip sales fell 26% to $5.14 billion in the latest quarter, which the company attributes to rising memory costs that pushed up smartphone prices. Qualcomm's 2026 total revenue was $10.4 billion. Its quarterly forecast of $2.15 to $2.35 per share fell short of the $2.27 analysts expected, and the stock dropped 7% in extended trading, according to CNBC.
Written by AI from the articles below · updated Nov 4, 7:01 PM ET
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- Nov 4, 5:42 PM ET · 1 articleQualcomm forecasts rapid growth in AI data center revenueThe Verge · AI: Qualcomm forecasts $650 million in data center revenue for Q1 2027
- Nov 4, 4:06 PM ET · 1 articleQualcomm reports quarterly results and issues earnings forecastCNBC · Technology: Qualcomm stock drops 7% on weak earnings forecast as memory shortage weighs on smartphone sales
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The articles in this story. Times are ET.
- The Verge · AINewsQualcomm forecasts $650 million in data center revenue for Q1 2027
AIQualcomm expects data center chips to reach $650 million in revenue in the first quarter of 2027, rising to $5 billion by the end of 2027 and $15 billion by 2029. The company says data centers will eventually account for about 30% of its business, as smartphone sales fall around 20% compared with 2025. Qualcomm's 2026 total revenue was $10.4 billion.
- CNBC · TechnologyNewsQualcomm stock drops 7% on weak earnings forecast as memory shortage weighs on smartphone sales
AIQualcomm reported quarterly revenue of $10.32 billion and adjusted earnings of $2.17 per share, both slightly above LSEG estimates. Its forecast of $2.15 to $2.35 per share on $10.4 billion to $11.2 billion in revenue fell short of the $2.27 per share and $10.48 billion analysts expected, and the stock slid in extended trading. Handset chip sales fell 26% to $5.14 billion as rising memory costs pushed up smartphone prices.
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